09 Jan 2023

According to a statement released to the press L&T Realty Developers Ltd, a faction of the construction and infrastructure giant Larsen and Toubro, will sell their stake in the engineering and construction conglomerate Think Tower Developers Pvt. Ltd. The agreement will be executed in the end of the month, subject to completion of closing conditions set forth by both parties. The stake is being sold to Mr Pratik Harsha Kalsariya, who does not belong to the promoter group.Read more

02 Jan 2023

Earlier this year, the Slum Rehabilitation Authority (SRA) in Mumbai published the names of 150 builders who had defaulted on their rental payments to slum dwellers of slum rehabilitation and redevelopment projects. Along with publishing their names, the authority demanded that all defaulters remit the pending money immediately and submit an affidavit within a month to the authority citing reasons for the delay. However, in the three months that followed this announcement, only a fraction of the payments is cleared. The total outstanding was said to have been approximately Rs 700 crore of which only Rs 20 crore has been cleared so far.Read more

30 Dec 2022

Sunteck Realty has launched a new phase with the campaign ‘One World One Price’ at its Sunteck One World mixed development township in Naigaon, Vasai Virar. Sunteck One World is one of the biggest townships in the area, spanning across 150 acres. The project offers opulent one and two-bedroom homes in addition to numerous other world-class amenities. The entire development has over 60 per cent open green space. Phase 1 of Sunteck World is occupied by more than a thousand families. Sunteck Realty Limited is a Mumbai based real estate and construction company founded by Kamal Khetan. The twin cities of Vasai-Virar are a part of the Mumbai Metropolitan Region and considered to be the fifth largest city in Maharashtra.Read more

28 Dec 2022

According to a BSE filing by Godrej Properties (GPL) a contract has been signed for the development of 14.27 acres of property in Gurugram, Haryana. The projected is expected to have a potential revenue of around Rs 3,000 crore. Earlier this year, the company purchased an 18.6-acre land tract in Kandivali, Mumbai. This project has an estimated 3.72 million square feet of developable space and a potential revenue of around Rs 7,000 crore. It was also the highest bidder for two contiguous land parcels in Noida with a total bid value of Rs 377 crore.Read more

27 Dec 2022

According to a press release by the company, Piramal Realty is set to invest a sum of Rs 3,500 crore into four on going residential housing projects in the Mumbai Metropolitan Region (MMR) the coming two years. The identified projects have the development potential of over 12 million square feet would create more than 12,000 residential apartments. The projects are in Mulund, Thane, Mahalaxmi and Byculla. Established in 2012, Piramal Realty currently has 15 million square feet of residential and commercial space under construction in MMR.Read more

27 Dec 2022

After successfully establishing several retail and commercial developments throughout Gurugram, Elan Group recently launched its first residential property, a super luxury development called “The Presidential” in Sector 106, Dwarka Expressway, Gurugram. Shortly after its launch, the company announced a record-breaking sale of Rs 2,500 crores for the project, making it one of their most successful launches till date. The project will span across 30 acres and contain over 1,800 apartments with configurations of 3, 4, and 5 BHK, and duplex penthouses. The project will be rolled out in three phases.Read more

26 Dec 2022

Purva Real Estate Fund, the Real Estate Alternative Investment Fund (AIF) of realty firm Puravankara has acquired 100acres of land in Guduvanchery, Chennai for a reported sum of Rs 200 crores. The company is currently developing a plotted land project and intends to launch three more plotted development projects by March 2023. The plotted development is said to have a revenue potential of over Rs 900 crores. The Fund plans to invest in various plotted land and residential development projects under both brands; “Purva Land” and “Provident” across cities such as Bengaluru, Chennai, Pune, Mumbai Metropolitan Region, and Hyderabad.Read more

26 Dec 2022

Renowned builders Casagrand have launched a world-class residential community Casagrand Aria in Tambaram near Chennai with prices starting at just Rs 25 lakhs. The Tambaram complex which spans 4 acres, will contain 817 luxury 1 and 2 BHK high-rise lifestyle apartments. Casagrand Aria will provide homebuyers with over 85 top-notch interior and outdoor amenities with luxurious 17,000 square foot clubhouse and several other exclusive amenities. The entire project has been carefully planned to create an adequate footprint with over 70% open space and 30, 000 sq ft of landscape areas for maximum light, ventilation, and recreational activity.Read more

23 Dec 2022

The Gurugram Police have arrested Mr Amit Austin, the proprietor of Manish Switchgear and Construction, the company commissioned to conduct the repair work that caused the death of two women residing in Chintels Paradiso in Gurugram. The women were killed when the dining room on the 6th floor of Tower D collapsed bringing down with it the roofs and floors of all the flats below. A magisterial inquiry found that the retrofitting in Flat D603 was the key trigger for the collapse, thus holding Chintels India and Manish Switchgear and Construction responsible for the accident. Mr Austin will be produced in a city court in the coming week.Read more

23 Dec 2022

JMS Group, a real estate company headquartered in Gurugram, procured a RERA registration number from the Haryana Real Estate Regulatory Authority (HRERA) for its projected development project, The Pride located in Sector 95 A in New Gurugram close to the NH-8 and KMP/Western Peripheral Expressway. The development of New Gurugram is supported by the Gurugram-Manesar Masterplan 2031. In comparison to other Gurugram micro markets, this Sector has superior infrastructure including wide roadways, robust rainwater drainage systems, an underground electric cable network and service roads.Read more